National Storage Affiliates Trust (NYSE:NSA) Announces $0.03 Special Dividend

National Storage Affiliates Trust (NYSE:NSA) declared a special dividend on Friday, July 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of 0.0336 per share by the real estate investment trust on Wednesday, July 22nd. The ex-dividend date is Tuesday, July 21st.

National Storage Affiliates Trust has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. National Storage Affiliates Trust has a payout ratio of 268.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect National Storage Affiliates Trust to earn $2.27 per share next year, which means the company may not be able to cover its $2.28 annual dividend with an expected future payout ratio of 100.4%.

National Storage Affiliates Trust Stock Down 2.0%

National Storage Affiliates Trust stock opened at $44.55 on Friday. The company’s 50-day moving average price is $43.99 and its two-hundred day moving average price is $38.65. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. The stock has a market cap of $3.44 billion, a P/E ratio of 59.40 and a beta of 1.03. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $46.47.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.69 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was down 1.6% on a year-over-year basis. As a group, analysts expect that National Storage Affiliates Trust will post 2.22 EPS for the current year.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.